Member Info for reggie72

situation still the same in that if they want this $33m to buy assets they can have it imo. the Chinese partners/ funders went to australia with NL a few weeks back. new deals possible as well as a major thermal coal asset with huge potential. mkt cap �5m. worth a dabble perhaps, early days but drilling closing in,

It is worth remembering that the current partners were at one point willing to commit $33m to the project. That is now not needed as the drilling, path to bfs costings has dropped substantially (which they are now fully funded for). It does not however mean the money isn't available for other projects. You will note NL has mentioned other projects in the recent RNS and has met businesses who have a funding short fall!.

me too. Oversubscribed placing at 0.5p with the board taking part and peeps selling at 0.33p. ?

most longterm holders probably have averages in the 3-5p range so 0.35p no chance.

good buying day, decent volume around 0..38/39p earlier

still need another 100% just to get back to recent levels - shows you how far its fallen

would need to be north of 2.5p because that is where the Directors options need to exceed!

paying 0.37p now full offer - 0.75p would take it back to where it was a few weeks back. ANR have moved forward since then with cash now banked for forthcoming key operations.

pushing 0.35p again, permits can't be far off now as the next step

chill out its 0.35! it was 0.75p a few weeks ago

as said oversubscribed placing at 0.5p, progress happening, cash now in bank to fund drilling and you can buy significantly below this.

Surprised there is no major stake building going on at these levels or even around 0.5p-1p if all looks good. Confirmed in the rns that the 0.5p placing was oversubscribed also.

yep share price has been a disaster since NL took over from a recent 0.75p to 0.25p. Despite the company seemingly heading in a better more realistic direction with coal so bullish. Over to the board to prove everyone wrong and if they are so confident should be throwing the kitchen sink at it!.

yeah plenty of buys at 0.5p going through. more news soon I guess especially on xx1 and perhaps Sundagas deal.

believe drilling has taken place years ago in the license area so highly likely they will get it. Permit just lapsed.

drilling will take less than a month so results not far behind. Cashed banked to cover exploration programmes.

all low cost plays so any moderate success will be huge for boil. very good cos for each drill!

Action needed Nick!

unbelievable lack of patience by some. this company is about to enter its most exciting phase in its history, cashed up, no debt and ready to undertake a multi well drilling campaign in low risk proven areas.

as I said the talking is done.